Articles by Rebecca Torres
Oil Prices Decline as US Waiver Eases Iran Supply Fears
Oil prices slid for a second day as a US waiver on Iranian oil sales and resumed Strait of Hormuz tanker traffic eased supply fears.
Natural Gas Futures Dip as Rising Supply Tempers Heat-Driven Rally
U.S. natural gas futures eased 0.6% to $3.234 as rising supply countered bullish weather forecasts. July contract gave back Monday's gains, with storage at 5.8% above the five-year average.
Hedge Funds Pile on Brent Shorts as Iran Talks Fuel Supply Fears
Brent crude plunged nearly 4% to $79.10 as hedge funds built the largest short position since the pandemic, betting on increased supply from revived U.S.-Iran talks.
Coeur Mining Joins S&P MidCap 400; Shares Steady Amid Silver Price Gap
Coeur Mining (CDE) enters the S&P MidCap 400 but shares remain flat at $17.51. Spot silver at $66.18 is 20% below Coeur's Q1 average realized price, casting doubt on earnings momentum despite index-driven flows.
Landseed Secures $400K to Advance Sensor-Based Biodiversity Verification
Landseed raised $400,000 to develop AI sensors that verify ecological outcomes for biodiversity credits, targeting market trust issues.
U.S. Mint's America 250 Silver Eagle Sales Resume; Collectors Warned on Investment Potential
The U.S. Mint will resume sales of its 250th-anniversary Proof American Silver Eagle on June 24 after the first batch sold out in 17 minutes. Dealers warn collectors not to expect investment gains.
JBS Closes Two US Plants as Cattle Shortage Strains Beef Packers
JBS USA is closing its Souderton, PA beef plant and a Memphis meat facility as tight cattle supplies and weak packer margins pressure the industry, affecting 1,693 workers.
JBS Plant Closures Signal Deepening U.S. Beef Sector Strain
JBS USA will shutter beef facilities in Souderton, PA, and Memphis, TN, eliminating 1,693 jobs as tight cattle supplies pressure packer margins.
Strait of Hormuz Reopens, Oil Prices Tumble as Supply Fears Ease
Oil prices plunged nearly 10% this week as tanker traffic resumed through the Strait of Hormuz after a US-Iran interim deal, but analysts caution that risks remain.
Saudi Aramco Plans Global Oil Storage Expansion After Hormuz Disruption
Saudi Aramco is considering expanding its global oil storage network after the Iran war disrupted Strait of Hormuz flows, with Chairman Yasir Al-Rumayyan emphasizing that supply security now requires more than spare capacity.